Loan Officer Trainee Centre

Loan Officer Trainee
- Camrose City Centre

Loan Officer Trainee
- Camrose City Centre

The Loan Officer/Loan Officer Trainee, under the direction of the Branch Manager/Assistant Branch Manager, will examine, evaluate, and process loan applications for all member requests. The Loan Officer/Loan Officer Trainee will work within organizational constraints to provide appropriate funding options to members. The incumbent in this position will maintain member loan accounts, organize and update information as necessary, and report appropriate information to the Branch Manager/Assistant Branch Manager.

The Loan Officer/Loan Officer Trainee will carry out these duties while maintaining a strict adherence to all appropriate legislative regulations, credit union policies, and professional practices.

• Two years’ credit granting and knowledge of agricultural and commercial lending.
• Ability to analyze and interpret the needs of clients and offer the appropriate options, solutions, and resolutions required.
• Ability to deal with people sensitively, tactfully, diplomatically, and professionally at all times.
• Exceptional conflict resolution, negotiation, and objection handling skills.
• Superior time management skills, multitasking skills, and the ability to prioritize tasks with minimal supervision.
• Cooperative or Credit Union industry experience is a benefit.

Compensation:

• Salary range $50,000.00/annually.
• Comprehensive benefits package.

Position Title:
Loan Officer/Loan Officer Trainee

Reports To:

Branch Manager/Assistant Branch Manager

Summary

The Loan Officer/Loan Officer Trainee, under the direction of the Branch Manager/Assistant Branch Manager, will examine, evaluate, and process loan applications for all member requests. The Loan Officer/Loan Officer Trainee will work within organizational constraints to provide appropriate funding options to members. The incumbent in this position will maintain member loan accounts, organize and update information as necessary, and report appropriate information to the Branch Manager/Assistant Branch Manager.

The Loan Officer/Loan Officer Trainee will carry out these duties while maintaining a strict adherence to all appropriate legislative regulations, credit union policies, and professional practices.

Job Duties/Responsibilities

• Meet with members to obtain information for loan applications and to answer questions about the application and loan disbursement process.
• Work with members to identify their personal or business financial goals and aid them in finding ways to reach their goals.
• Obtain and compile copies of loan applicant’s credit histories, corporate financial statements, and other financial information.
• Analyze applicants’ financial status, credit, and property evaluations to determine the feasibility of granting loans.
• Explain to members the different types of loans and credit options that are available, as well as the terms of those services.
• Improve loan applications and documentation by informing applicants of additional requirements and gather information as necessary.
• Approve loans within specified limits, reject loans by explaining deficiencies to applicants, and refer loan applications outside of the specified limits to management for consideration.
• Compute payment schedules.
• Complete loan documents by explaining provisions to applicants, obtaining signatures and notarizations, and collecting fees.
• Review and update loan documentation.
• Address member complaints and take appropriate action to remedy them.
• Negotiate payment arrangements with members who have delinquent loans.
• Prepare reports or letters to send to members whose accounts are delinquent.
• Accurately scan loan documentation on a daily basis or as required.
• Adhere to all Vision Credit Union Ltd. policies and…